Tuesday, May 31, 2011

Case-Shiller Data Confirms Double-Dip in Home Prices

You were sent this email because you opted to receive daily updates from Mortgage News Daily. To adjust your email settings:
Manage Your Email Subscriptions Individually  |  Unsubscribe from all Email Communications

May 31, 2011 3:00PM

Case-Shiller Data Confirms Double-Dip in Home Prices

The March S&P/Case Shiller Home Price Indices , released by Standard & Poor's, paint an increasingly clear picture of the "double dip" in U.S. home prices. The indices, which are billed by S&P as the leading measure of U.S. home prices, are constructed to track the price path of typical single-family homes in a number of metropolitan statistical areas (MSAs). The study uses matched price pairs of individual houses to construct a 20-City Composite Index and a 10-City Composite Index which...

May 31, 2011 9:05AM

The Week Ahead: Jobs, Jobs, Jobs

The week ahead holds key jobs data that will likely dictate market directionality as the 2nd Quarter comes to a close. The monthly Employment Situation Report will be released on Friday morning; investors expect it to confirm an economic slowdown is indeed in progress. Economists polled by Reuters see just 190k jobs were added to Nonfarm Payrolls in May versus 244k in April and 221k in March. "Higher readings of initial claims for unemployment insurance in recent weeks have led to concerns about...


Micro News

5:11 PM:

Wednesday Adds Fed Speakers to Busy Week of Econ

3:51 PM:

Stocks Heading Higher Into Close, Bonds Stay Steady

2:36 PM:

MBS Move to New Highs, Breaking Today's Resistance

2:14 PM:

FHA, FNMA Announce "Green Refinance Plus"

1:42 PM:

Bearish investors cut stocks, boost bonds: Reuters poll

10:02 AM:

Econ: US consumer confidence drops in May

10:00 AM:

ECON: Chicago PMI Lowest Since Nov 2009

9:02 AM:

US home price index falls to double-dip in March-S&P

Around the Web

Video News

Economists Cut 0.5% Off Q2 GDP

Home Prices Continue Freefall

Double Dip in Home Prices


Today's Comments

Peter King

"There are programs for first time home buyers that include savings and completion of approved homebuyer and financial education. Real class room education..."

Jason Harris

"Dceizyk....one of the biggest hurdles that I believe we face on the borrower education front is that we (brokers, bankers, lenders) are not the gate keepers..."

dceizyk

"As industry participants we have a once -in-a-lifetime opportunity to take leadership in the re-creation of the mortgage paradigm. Out of the ashes of..."

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

Anonymous

"I have excellent credit rating/score/history but low income,..."

Anonymous

"I stopped paying my mortgage for 9 months but it has been a year..."

Today's Forum Discussions

FC McGee

"Hi everyone, I need advice from you guys on how the interest rates work. I'm going with Wells Fargo and I've locked in my interest rate at 4.25..."

Ryan Ellis

"I need a lender that will do USDA down to 620. We are a lender but have overlays with a minimum of 640 so it would have to be a brokered deal."

Rick Parker

"May 26, 2011 I am writing to you today on behalf of the Texas Association of Mortgage Brokers, doing business as the Texas Association of Mortgage Professionals..."